Quarterly ResultMay 5, 2026, 04:15 PM
Jacobs Q2 Gross Revenue $3.7B, Adj. EPS $1.75; Raises FY26 Guidance
AI Summary
Jacobs Solutions Inc. announced strong fiscal second quarter 2026 results, with gross revenue up 27% to $3.7 billion and adjusted net revenue up 8.8% to $2.3 billion year-over-year. Adjusted EPS increased 22.4% to $1.75. The company also reported a record backlog of $27.0 billion, up 22% year-over-year, and completed the acquisition of PA Consulting, increasing cost synergy estimates to over $20 million within 24 months. Reflecting strong business momentum, Jacobs raised its full-year 2026 guidance for adjusted net revenue, adjusted EBITDA margin, and adjusted EPS for the second consecutive quarter.
Key Highlights
- Gross revenue for Q2 2026 was $3.7 billion, up 27.0% year-over-year.
- Adjusted net revenue for Q2 2026 was $2.3 billion, up 8.8% year-over-year.
- Adjusted EPS for Q2 2026 was $1.75, an increase of 22.4% year-over-year.
- Record backlog reached $27.0 billion, up 21.7% year-over-year.
- Completed acquisition of PA Consulting; increased cost synergy estimate to $20M+ within 24 months.
- Repurchased $220 million of shares in Q2, $472 million year-to-date.
- Raised FY 2026 adjusted EPS guidance to $7.10-$7.35 (vs. prior $6.95-$7.30).
- Raised FY 2026 adjusted net revenue growth guidance to 8.0%-10.5% (vs. prior 6.5%-10.0%).